Retirement Investment Plan: If you are going to retire soon but you do not have any pension plan, then you should plan your deposits in such a way that lump sum amount is arranged every month. So that your expenses keep going. Experts say that it is good to plan monthly withdrawals for post-retirement expenses.
This ensures your independence from the system and also prevents your savings from running out in a hurry. Many retirees use their retirement corpus to build a portfolio of debt, equity and hybrid schemes of mutual funds besides bank deposits, Senior Citizen Savings Scheme (SCSS), Pradhan Mantri Vaya Vandana Yojana (PMVVY).
take care of inflation
If you are retiring in 2-4 years, then after that the most important consideration will be the inflation rate. Given the current inflation of more than 6 percent, if you need Rs 80,000 every month in 2030, then this amount will reach Rs 1.27 lakh.
In fact, the plan behind investing in different asset classes is to withdraw money from them at different stages. If you are planning to go into debt investments only, then you will need more amount for good returns, which is not advisable.
invest here too
In such a situation, you should invest only a part of your portfolio in equities, so that the risk is limited. You can deposit money in FD, Debt Fund, Senior Citizen Saving Scheme for the post-retirement stage.
Invest in multiple places
At the same time, senior citizens can invest in Savings Scheme, Pradhan Mantri Vaya Vandana Yojana, Debt Fund and Hybrid Fund. Also, equity funds can also be deposited for better returns. There is also another option of investing in balance funds.
By keeping the investment strategy like this, you will keep getting the average of the returns of each option. Here, if the risk in any option is high, then it will continue to be compensated by another balance fund and there will be no loss of money for your expenses. Do not forget to consult your expert before making any investment.